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They didn't do anything but sell the right to use their name and logo. Its not like they went out looking for somebody to make guns for them.
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Hmmm....I see your point, but to the casual user, if one sees a Colt logo on a gun, it is reasonable to assume that it was mfg by Colt, or at least FOR Colt.
The idea that Colt would sell their name and logo with no concern or involvement doesn't make sense to me.